Beijing-based Chinese steelmaker Shougang Group has announced that on June 18 it plans to issue short-term bonds worth RMB 6 billion ($0.98 billion) for a term of 365 days, in its first short-term bond issue in the current year. Huaxia Bank will be the lead underwriter.
Beijing-based Dagong Global Credit Rating Co., Ltd (Dagong) has given the short-term bonds in question a rating of A-1, while it has ranked the issuer's credit rating as AAA.
Source:
http://www.steelorbis.com/steel-news/latest-news/shougang-to-issue-short_term-bonds-worth-rmb-6-billion-833038.htm
